Business
Syria gives EFG-Hermes investment banking licences
April 27, 2010
Syria gives EFG-Hermes investment banking licences
Syria has given investment banking licences to a Syrian unit that EFG-Hermes is setting up, the Cairo-based investment bank said…
NDP official: Subsidy increase imprudent
April 26, 2010
NDP official: Subsidy increase imprudent
A ruling party official warned against increasing subsidies for petroleum products because of the repercussions for the state budget deficit.…
Boutros-Ghali calls for review of IMF mechanisms
April 26, 2010
Boutros-Ghali calls for review of IMF mechanisms
Members of the International Monetary Fund (IMF) pledged to formulate sustainable financial policies at the closing session of their spring…
Orascom may merge with South Africa’s MTN
April 26, 2010
Orascom may merge with South Africa’s MTN
Orascom Telecom Holding (OTH) will today issue a statement to clarify its position on negotiations with MTN, a South African…
Euro-Mediterranean alliance results in 931 investment agreements
April 24, 2010
Euro-Mediterranean alliance results in 931 investment agreements
The Minister of Trade and Industry Rachid Mohamed Rachid emphasized that there are several elements that will ensure the success…
China curbs commodity exports to Egypt
April 22, 2010
China curbs commodity exports to Egypt
China is taking steps to curb the shipment of goods to Egypt, according to the state-run General Organization for Export…
Finance Ministry to tax used cars sales
April 21, 2010
Finance Ministry to tax used cars sales
A decision by Finance Minister Youssef Boutros-Ghali to impose a 10-percent profit tax on used automobile sales has drawn varying…
Gas exporters agree to raise prices
April 20, 2010
Gas exporters agree to raise prices
Participants in the Forum of Gas Exporting Countries meeting in Wahran, Algeria agreed to both raise gas prices and to…
Trade Minister: US should disclose bribe case info
April 20, 2010
Trade Minister: US should disclose bribe case info
Trade and Industry Minister Rachid Mohamed Rachid said on a talk show Monday that the Egyptian government has asked the…
Meat price hikes impact Alexandrian businesses
April 20, 2010
Meat price hikes impact Alexandrian businesses
Butchers and owners of traditional kebab-and-kofta restaurants--the menu selections of which are usually priced by the kilo--say that skyrocketing meat…